3050 178th, Lansing, IL 60438

$560,000
Property Type: Residential Income Bedrooms: 20 Square Footage: 7,200 Lot Size (sq. ft.): 8,250 Status: Closed
Current Price: $560,000 List Date: 4/26/2017 Last Modified: 2/24/2024

Overview

Description

Wonderful opportunity in Lansing with this 12 unit money maker. Currently run b a no nonsense property manager that treats this fully rented building with care and fixes issues with care. The units are large and recently updated, call for your showing today.

Listing Details MLS# 413229

General Property Information

New Construction YN
No
Number Of Units Total
12
Bedrooms Total
20
Living Area
7200
Living Area Source
Assessor
Year Built
1975
Garage YN
No
Lot Size Acres
0.1894
Lot Size Square Feet
8250
Lot Size Dimensions
50x165
Waterfront YN
No
Basement YN
No
Bathrooms Half
0
Bathrooms Three Quarter
0
Rooms Total
0
Garage Spaces
0
Carport Spaces
0
Parking Total
0

Property Features

Basement: Crawl Space Construction Materials: Brick Exterior Features: Balcony; Storage Flooring: Carpet; Ceramic Tile; Linoleum Interior Features: Elevator Lease Type: Net Listing Terms: Cash; Conventional Other Equipment: Satellite Dish Parking Features: Off Street; None Utilities: Cable Available; Sewer Available Water Source: Public

Contract Information

Auction YN
No
Original List Price
700000
Lease Considered YN
Yes
Lease Term
Month To Month
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
3050
Street Name
178th
County
Cook
State
IL
Postal Code
60438
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
Wonderful opportunity in Lansing with this 12 unit money maker. Currently run b a no nonsense property manager that treats this fully rented building with care and fixes issues with care. The units are large and recently updated, call for your showing today.

Status Change Information

Major Change Timestamp
2024-02-18T02:40:39Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-18T02:40:39Z
Status Change Timestamp
2017-11-17
Offer Acceptance Date
2017-08-11
Close Date
2017-11-17
Close Price
560000
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Electric Expense
1500
Expense Year
2016
Gross Income
1200
Gross Scheduled Income
122100
Insurance Expense
5792
Maintenance Expense
8733
Net Operating Income
98105
New Taxes Expense
17738
Professional Management Expense
8500
Total Actual Rent
77743
Trash Expense
866
Water Expense
2836
Manager Expense
0
Other Expense
0
Sewer Expense
0
Supplies Expense
0

Unit 1

Unit Description
2 bedrooms
Unit Number
Yes
Identical Units
8
Square Feet
934
Rent
950
# Of Rooms
2

Unit 2

Unit Description
1 bedroom
Unit Number
2
Identical Units
4
Square Feet
734
Rent
750
# Of Rooms
Yes

Showing Requirements

Showing Instructions
showing assist

Historical Information

Public Historical Remarks
Lease Type: Net

Location, Tax, and Legal

Tax Assessed Value
0
Tax Legal Description
Legal Description: see assessor
Parcel Number
303041301900000000
Township
Thornton
Directions
Chicago to 178th street east to building

Basement

Crawl Space
Yes

Construction Materials

Brick
Yes

Exterior Features

Balcony
Yes
Storage
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Linoleum
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lock Box Information

Lock Box Serial Number
No

Other Equipment

Satellite Dish
Yes

Parking Features

Off Street
Yes
None
Yes

Utilities

Cable Available
Yes
Sewer Available
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Lease Type

Net
Yes
Listing Office: Prime Real Estate / Lifstyl Re
Last Updated: February - 24 - 2024
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